You can find investigative reports on macroeconomics and research papers concerning public policy and management.
In recent years, the “stock effect” approach has come to be considered particularly important in ascertaining the benefits of providing social capital. The stock effects of social capital such as roads, harbors, and rivers are being analyzed in areas nationwide. A notably large number of stock effects has been confirmed from the Tokai-Kanjo Expressway, a high-standard expressway that spans the three Tokai prefectures of Aichi, Gifu, and Mie. Of particular note are glimpses of stock effects of the expressway such as companies establishing a presence not only along the completed eastbound section as expected, but also along the westbound section currently under construction. Stock effects had previously been thought to emerge once infrastructure was completed. Considering why such developments occurred in areas bordering the incomplete westbound section of the Tokai-Kanjo Expressway may prove useful when considering community building in areas where infrastructure will be provided in the future. This paper first examines the Tokai-Kanjo Expressway from the viewpoint of what the corporate sector needs from the road and the key initiatives of communities bordering the road in response. It then analyzes these initiatives and indicates the way forward for effective community building in areas of future infrastructure development, and discusses the importance of collaboration between local authorities.